Enhance your efficiency with Legal Demands

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Commonly Asked Questions about Legal Demands

A promissory note that is payable on demand is payable at the will of the holder. A promissory note without a specified time of payment, ing to N. Bank v.
A promissory note that is payable on demand is one where payment is due upon request of the person or company to whom the funds are owed (the holder).
Price rises, demand decreases: A car dealership makes the decision to raise the prices of trucks to earn more profits on their sales. The law of demand states that fewer people will now buy trucks at this new, higher price point.
A demand letter is a formal notice from your lawyer that outlines the facts of your claim, the evidence that supports it, and the damages you seek. It serves as an attempt to resolve a dispute without going to court.
demand. 1) v. to claim as a need, requirement or entitlement, as in to demand payment or performance under a contract. In a lawsuit for payment of a debt or performance of an act, the party suing (plaintiff) should allege that he/she/it demanded payment or performance. 2) n.
Demand letters show the owner that youre serious about getting paid. Sending a demand letter prior to litigation is a sign of good faith in the eyes of the law. In court, the language in your demand letter can support your case. Successful demand letters docHubly reduce the cost of getting paid.
To request forcefully or under legal authority. A demand letter usually initiates the legal dispute resolution process in which one party is seeking performance or abstention from a specific action, or monetary restitution to settle a claim.
How to write a demand letter: Dos Outline the facts. Detail the dispute, including dates, locations, and the initial written agreement or contract. Make your demand. Provide a timeline. Set clear consequences. Be polite. Get professional advice. Keep copies. Send your demand letter via certified mail.